The Silicon Carbide (SiC) Power Semiconductors Market is projected to grow at a Compound Annual Growth Rate (CAGR) of approximately 26.7% during the forecast period 2025 to 2034.

Global Data Insights Consultancy announces the release of the report "Global Silicon Carbide (SiC) Power Semiconductors Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034”. This report provides a detailed overview of the market scenario, including a thorough analysis of the market size, sales quantity, average price, revenue, gross margin and market share. The report provides an in-depth analysis of the competitive landscape, manufacturer's profiles, regional and national market dynamics, and the opportunities and challenge that the market may be exposed to in the near future. Global Silicon Carbide (SiC) Power Semiconductors Market research report is a comprehensive analysis of the current market trends, future prospects, and other pivotal factors that drive the market.

The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

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Competitive Landscape: Silicon Carbide (SiC) Power Semiconductors Market

Some of the major players in the Silicon Carbide (SiC) Power Semiconductors Market are:

1.      Wolfspeed, Inc.

2.      STMicroelectronics N.V.

3.      Infineon Technologies AG

4.      ON Semiconductor Corporation

5.      ROHM Semiconductor

6.      Mitsubishi Electric Corporation

7.      Toshiba Corporation

8.      Microchip Technology Inc.

9.      Littelfuse, Inc.

10.   Fuji Electric Co., Ltd.

11.   GeneSiC Semiconductor (a Microchip company)

12.   Semikron Danfoss

13.   Power Integrations, Inc.

14.   Renesas Electronics Corporation

15.   Navitas Semiconductor

16.   UnitedSiC (Acquired by Qorvo, Inc.)

17.   Global Power Technologies Group (GPTG)

18.   IXYS Corporation (now part of Littelfuse)

19.   Hitachi Power Semiconductor Device, Ltd.

20.   StarPower Semiconductor Ltd.

Recent Development:

February 2025: Wolfspeed is finalizing its $5 billion factory in Chatham County, North Carolina, set to produce silicon carbide crystals for electric vehicles. Full occupancy is expected by March, with production commencing in June, aligning with the growing demand for SiC components in the EV industry.

December 2024: The U.S. Commerce Department reached a preliminary agreement with Bosch to provide up to $225 million in subsidies for the production of SiC power semiconductors in Roseville, California. This funding supports Bosch’s $1.9 billion investment to transform its manufacturing facility, aiming to start producing SiC chips by 2026.

September 2024: Mitsubishi Electric and Coherent Corp signed a memorandum of understanding to collaborate on scaling the manufacturing of SiC power electronics on a 200mm technology platform. This partnership aims to meet the increasing demand for SiC power devices, particularly in the electric vehicle market.

November 2023: ROHM Semiconductor announced plans to start production of 8-inch SiC substrates at its second plant in Miyazaki, Japan, beginning in 2024. This marks ROHM’s first SiC substrate production in Japan, aiming to bolster its capacity to meet the growing demand in the EV sector.

January 2024: ON Semiconductor is investing $2 billion in a new plant in the Czech Republic and increasing manufacturing capacity in South Korea to diversify its supply chain. This strategy addresses risks from China’s push for local chip suppliers and aims to ensure supply chain resilience for SiC chips used in electric vehicles and data centers.

Segmentation of Silicon Carbide (SiC) Power Semiconductors Market

By Device Type Outlook (Revenue, USD Billion, 2020 – 2034)

SiC Power Discrete Devices

SiC Power Modules

SiC Integrated Circuits (ICs)

By Voltage Range Outlook (Revenue, USD Billion, 2020 – 2034)

Low Voltage (<600V)

Medium Voltage (600V–1200V)

High Voltage (>1200V)

By Wafer Size Outlook (Revenue, USD Billion, 2020 – 2034)

2-inch

4-inch

6-inch

8-inch

12-inch (emerging)

By Application Outlook (Revenue, USD Billion, 2020 – 2034)

Electric Vehicles (EVs)

Renewable Energy (Solar Inverters, Wind Turbines)

Industrial Motor Drives

Power Supplies

Consumer Electronics

Aerospace & Defense

Data Centers

Railways & Transportation

By End-Use Industry Outlook (Revenue, USD Billion, 2020 – 2034)

Automotive

Industrial

Consumer Electronics

Telecommunications

Aerospace & Defense

Energy & Utilities

Data Centers

By Material Type Outlook (Revenue, USD Billion, 2020 – 2034)

Bulk SiC Substrates

SiC Epitaxial Wafers

SiC Powders

Silicon Carbide (SiC) Power Semiconductors Market Regional Analysis

North America (USA and Canada)

Europe (UK, Germany, France and rest of Europe)

Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Silicon Carbide (SiC) Power Semiconductors Market

- Fluctuating market dynamics of the industry

- Detailed Silicon Carbide (SiC) Power Semiconductors Market segmentation

- Historical, current and projected market size in terms of volume and value

- Recent industry trends and developments

- Competitive landscape of the Silicon Carbide (SiC) Power Semiconductors Market

- Strategies of key players and product offerings

- Potential and niche segments/regions exhibiting promising growth

- A neutral perspective towards Silicon Carbide (SiC) Power Semiconductors Market performance.

25% free Customization of the Report:

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